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Real Estate

Enbd Reit’s Property Portfolio Valued At Dh1.7b

by gulfnews.com posted 4months ago 37 views
Institutional investor is looking to tap new financing options to help pick up ‘alternative asset classes’ Dubai: The ENBD Reit’s property portfolio is currently valued at Dh1.7 billion from investments into 11 properties, and 64 per cent of these being in office buildings.“While the local real estate market remains challenging — and this has put pressure on valuations in the portfolio — we have been successful in both protecting and improving income,” Anthony Taylor, Head of Real Estate at Emirates NBD Asset Management, said in a statement.